According to daily trading data from Cathy Wood's Ark Investments, its flagship fund, Ark Innovation ETF (ARKK), has sold gaming giants in Japan since JulyNintendoIt holds almost all of its shares.

Currently, the fund only holds 1,500 shares of Nintendo's American Depositary Receipts (ADR) worth about US$82,000.

At the end of February this year, Wood's fund held more than 4.7 million shares of Nintendo. At that time, Nintendo's weight in the fund's portfolio was 1.55%.

However, Nintendo's stock price has fallen 28% since its recent high at the end of February, as investors are concerned about the slowdown in sales of its Switch game consoles. Analysts aren't interested in the latest generation Switch that will be released on Friday. The console uses an OLED screen, but there are no significant hardware improvements. The long-awaited inclusion of Nintendo in the Nikkei 225 Index also failed to boost the stock.